Nagpur, once the capital city of Madhya Pradesh, is now the third largest city in the state of Maharashtra, after Mumbai and Pune. Many surveys in the recent past have crowned the ‘Orange City’ as one of the best in terms of greenery, livability, healthcare, public transport and more parameters.
Nagpur is a major political and commercial hub of Maharashtra. Nagpur is also a major technological hub. The city is also a major economic centre, and people take a keen interest in investing in different avenues.
Investment options in Nagpur
Nagpur citizens can easily make most of investment schemes such as:
Real estate – Real estate can offer a higher ROI to investors if they are ready to keep invested for years or till the time is ripe to gain leverage.
Mutual funds – Mutual funds are good investment option these days as they offer a higher rate of interest. However, they do not offer a fixed ROI as it’s impacted by market conditions.
Stocks – Similar to mutual funds, even stocks offer a higher rate of interest, but its ROI is not guaranteed.
Fixed deposits – Fixed deposits are safe investment plans as they offer a higher interest rate along with guaranteed ROI.
Senior Citizen FDs can gain more interest rate of 0.35% as compared to regular citizens, and it means bigger ROI.
Fixed Deposit Calculator is an online tool available on Bajaj Finance’s website. By putting your deposit amount and tenor on it, you can know your exact ROI even before investing.
Nagpur residents can get started with a Bajaj Finance Fixed Deposit if they are ready to put down at least Rs.25, 000 and abide by other main eligibility criteria such as:
Resident Indian citizen
Hindu Undivided Family (HUF)
Companies along with group companies, partnership firms, and sole proprietorship
Family trusts
Societies, clubs, and associations
Create more wealth with Bajaj Finance FDs
Bajaj Finance FDs let you enjoy many benefits and make your investment safe to help you avail a higher interest rate and ROI. The facility is also available in Mumbai, Pune, Amravati, Aurangabad, Kolhapur, Nashik, Latur, Nanded, Chiplun and many more cities.
A Nagpur fixed deposit account also powers you to avail various rates and payouts, according to your needs and risk profile.
| Tenor in Months | Minimum deposit size (in Rs.) | Cumulative | Non-Cumulative | |||
|---|---|---|---|---|---|---|
| Monthly | Quarterly | Half-yearly | Yearly | |||
| 12 – 23 | 25,000 | 7.60% | 7.35% | 7.39% | 7.46% | 7.60% |
| 24 – 35 | 8.15% | 7.88% | 7.93% | 8.00% | 8.15% | |
| 36 – 60 Months | 8.40% | 8.13% | 8.18% | 8.25% | 8.40% | |
| Special tenors scheme | ||||||
| 15 Months | 1,00,000 | 7.85% | 7.60% | 7.64% | 7.71% | 7.85% |
